What is the Best Trading Platform in Canada?

When choosing a trading platform, you need to consider more than just the per-trade fees. A few important aspects to look for are user experience, tools and support offered and regulatory compliance. The good news is that there are several online brokers in canada to choose from, so you are sure to find one that meets your needs. Continue reading

Best Investment Platforms Canada: Secure & Easy to Use

Questrade is generally considered the best trading platform in canada due to its low trading fees for stocks and ETFs. It also offers a variety of other investment options, including mutual funds.

The latest 2024 Surviscor rankings for Canadian online brokerages put Qtrade back in the number one spot. This is largely because they offer some of the lowest per-trade trade fees in Canada, but also because of their continued innovation in adding new value to their platforms. They have an incredible focus on the customer experience and it shows in their top-notch service.

National Bank Direct Brokerage (NBDB) shook things up in 2021 when they became the first of Canada’s Big Bank brokerages to offer commission-free purchases for ETFs and stocks. This was a very smart move as it allowed them to set themselves apart from the competition without having to lower their already competitive trading fees. Unfortunately, the NBDB platform itself is not as well-developed as those of our top picks and it has very few investor tools.

TD Direct Investing, Scotiabank iTrade, and Wealthsimple Trade are some of the other great options for beginner stock traders in canada. These three online brokers all offer free ETF and stock trading as well as competitive pricing for other investments. They are all members of the CIPF which means that your cash and investments are insured up to $1 million per account in the event of insolvency.